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Despegar.com (DESP) is one of the largest online travel portals in Latin America. The company is like Expedia (EXPE) in that it offers airline tickets, accommodation options, and car rentals throughout Latin America.
Recently, there has been a bounce in travel and hospitality stocks. However, Latin American travel-related stocks such as Despegar.com have yet to recover.
As you can see, the share price of DESP has plummeted by almost 50% since the March highs.
Source: Yahoo Finance
Second Quarter Review
In the second quarter, Despegar.com basically ceased all operations. Gross